Sui public chain is rising strongly!!!
In the world of cryptocurrency, there are always some people who will curse and swear when they see tokens unlocked. However, unlocking is just an act, and it does not directly represent the rise or fall of the coin price. In the end, the coin price still has to return to the fundamentals.
When the technology is done well, many professional insiders will be amazed. Sui is the best example. Today's Sui is so powerful that no one can compete with it. Soon, its price may reach five or even ten dollars. It is only two dollars now, so get on board now.
Once the public chain starts to rise, its direction is often difficult to change. Therefore, those who are good at contract making usually choose the public chain. Once the key position is broken, it means that there is not much pressure on it. At present, it seems that there is no problem for Sui to rise all the way to 3-4 US dollars. If you really want to get on board, you have to act quickly.
Sui, a high-performance layer 1 public chain developed by Mysten Labs and using the Move language, has recently performed very strongly. Sui was launched in May 2023, when low circulation/high FDV tokens were common.
Conclusion
Currently, only 27% of Sui's total token supply is in circulation, which means that current investors may face the risk of a large sell-off when tokens are unlocked in the future. In contrast, 80% of Solana's total token supply is currently circulating in the market. While we see Sui's strong performance, we cannot ignore the potential risks.
